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Craigmuir Chambers, Road Town, Tortola, VG 1110, British Virgin Islands

Prague

Peter Andreas

British Virgin Islands

Czech Republic

2024

No broker: in-house perpetuals terminal. Prices come from external feeds, but every order fills inside its own simulation, which controls pricing, execution and slippage.

ByBit

The fee and add-ons are non-refundable once the evaluation starts. Only if it cannot be activated due to a technical failure on their side, or if your local consumer law requires it.

After first payout, only Two-Step Pro

No payout fees.

No cycle: from 14 days after your first rewards account trade, whenever you like. All positions must be closed before claiming, and only one claim can be active at a time.

One-Step Pro, One-Step Lite and Two-Step Pro: first payout on demand once eligible; subsequent payouts 14 days after the previous payout is completed. Instant Pro and Instant Lite: first payout after 14 days from the first trade and reaching 5% profit; subsequent payouts every 14 days.
Nitro: first payout on demand once eligible, then every 14 days. Five qualifying profitable days are required each cycle.

No guarantee with compensation. They pay in USDC through a smart contract within minutes once the reserve is ready; if a claim is held for review, you get a time estimate.

No published cap: you claim your net closed profit.

Each request is capped at 2.5%, 3%, 3.5%, 4%, 4.5% and 5% of the starting balance for payouts 1 to 6. No cap from payout 7; excess profit carries over to the next request.
Nitro: same caps, applied before the 80% reward share.

$30 per claim. The training mode page says $50.

Instant Pro: USD 35. One-Step Pro and Two-Step Pro: USD 50.
Nitro: USD 50.

5:1 on BTC and ETH; 2:1 on other cryptos.

5:1 on SPY; 2:1 on SOXL and KORU.

Positions pay a 12% annual borrowing fee on every market, deducted from the net result.

No resets for sale. The Account Revival add-on revives the evaluation once.

A paid reset may be offered for failed evaluations, subject to the options available in the dashboard. It restarts the evaluation and all trading-day counters. A Two-Step Pro reset from Phase 2 returns the trader to Phase 1. Reset fees are non-refundable.

• 90/10 Profit Split: +10% of the price; raises the split from 80% to 90%.
• Account Revival: +80% of the price; if you fail on drawdown, the evaluation is revived once with starting balance and stats.

A training mode promotion gives both free on your first evaluation.

• Instant Pro and Instant Lite: increase the profit split from 70% to 80% (+25% fee).
• One-Step Pro and One-Step Lite: increase the profit split from 80% to 90% (+25%).
• Two-Step Pro: increase the profit split from 80% to 90% (+20%), lower the targets to 8% and 3% (+20%) or add 2% maximum drawdown (+20%).
• Nitro: reduce the target from 5% to 3% for an extra $10 at checkout; activation fee unchanged.

No automatic scaling: to trade more capital you pass more evaluations.

• Instant Pro: after achieving 10% profit within 120 days, 5% is paid to the trader and 5% is used to double the account. Scaling is requested on demand and can reach $1,000,000.
• One-Step Pro and Two-Step Pro: after achieving 10% cumulative profit within 90 days, the account grows by 25%, up to twice its starting size.

• 1-Step: static on the starting balance; it never moves.
• 2-Step: measured from the highest equity the account reaches, rising with it.
• Rewards account: the same percentage as the plan you passed, static on the starting balance; payouts do not move the floor.

Equity with open positions counts. Hitting it closes positions and permanently closes the account.

• Instant Pro: 10% Smart Drawdown. After reaching 5% profit, the loss floor locks at 5% below the milestone balance.
• Instant Lite: 8% Smart Drawdown, with the same lock at 5% below the milestone balance after reaching 5% profit.
• One-Step Pro: 6% static.
• One-Step Lite: 4% static.
• Two-Step Pro: 8% standard; 10% with the Extra 2% Drawdown Room add-on.
• Nitro: 5% fixed throughout evaluation.

80%, or 90% with the 90/10 Profit Split add-on. The split is fixed when the rewards account opens.

• Instant Pro: 70% standard; 80% with the profit-split add-on.
• Instant Lite: 70% standard; 80% with the profit-split add-on.
• One-Step Pro: 80% standard; up to 90% through performance progression or the add-on.
• One-Step Lite: 80% standard; 90% with the profit-split add-on.
• Two-Step Pro: 80% standard; up to 90% through performance progression or the add-on.
• Nitro: 80%.

Free training mode with no expiry, on the same terminal and markets as the evaluation. No card needed.

$100,000 free trial lasting 7 days. It has a 5% profit target, 5% daily drawdown, 10% maximum drawdown and 2 minimum trading days. Successful completion provides a 20% discount on a paid challenge.

Measured from equity at the 00:30 UTC daily reset. Hitting it closes positions and permanently closes the account.

• Instant Pro: no daily limit.
• Instant Lite: 3%.
• One-Step Pro: 3%.
• One-Step Lite: 3%.
• Two-Step Pro: 5%.
  The daily limit is measured using equity and resets at midnight UTC.
• Nitro: 3%.

Up to 5 rewards accounts at once, up to $50,000 each: $250,000.

One active evaluation at a time (or one order pending payment) and up to 5 rewards accounts. One user account per person.

Unlimited evaluation accounts may be purchased and operated simultaneously. Accounts that exceed the applicable total funded allocation are paused until allocation becomes available.

No time limit.

No maximum time limit to complete the evaluation.

None: you can pass with a single trade.

• Instant Pro, Instant Lite, One-Step Pro, One-Step Lite and Two-Step Pro: no minimum trading days.
• Two-Step Pro: 3 profitable days in Phase 1 and 2 in Phase 2 to pass.
• One-Step Pro: 3 profitable days in each funded payout cycle.
• One-Step Lite: 5 profitable days in each funded payout cycle.
• Instant Lite: 7 profitable days in each payout cycle.
  A profitable day is a UTC calendar day with net closed profit of at least 0.5% of the starting balance.
• Nitro: no minimum during evaluation; five profitable days of at least 0.5% of starting balance in each funded payout cycle, not necessarily consecutive.

Payouts can be converted into Mubite Points for use within the platform.

None.

Bots and automation are forbidden unless pre-approved in writing, although the docs publish an API to trade the evaluation by code.

Self-developed bots and EAs are allowed when the trader can prove ownership of the strategy. Public or third-party bots are prohibited. Cleo does not currently support external bots, although its built-in semi-assisted tools may be used.

Using a VPN or proxy to hide your location is forbidden: account closure with no refund.

Recommended. During the funded stage, consistently trading without stop losses may be considered poor risk management.

Tick scalping and holding positions under one minute on average are forbidden.

Tick scalping performed with manipulative intent or to exploit execution conditions is prohibited.

Martingale, grid and averaging down to exploit drawdown limits are forbidden.

Each trade must keep its realized loss below 3% of account equity at the time it was opened, both per partial close and cumulatively. In the funded stage, individual positions are capped at 1x account balance on Instant Pro and 2x on One-Step Pro/Two-Step Pro; cumulative exposure is capped at 2x and 3x respectively. The first position-size or exposure violation receives one five-minute correction window.

Copying trades from another account, signals or social trading platforms is forbidden.

Copying or mirroring trades from other accounts, platforms, signal services or third parties is prohibited during both evaluation and funded stages.

Trading exclusively or mostly around major news to exploit spread widening is forbidden.

News trading is allowed. Daily and maximum drawdown limits and all other risk rules remain active during volatile events.

Evaluation: 30 consecutive days without logging in or open positions allow them to close the account. Rewards account: 30 days without a trade suspends it, and you ask support to reactivate it.

Deactivation after 30 days without trading. Email warning after 14 days of inactivity.

Funded stage only. The best day must account for less than 25% of total profit on Instant Pro, 15% on Instant Lite, 30% on One-Step Pro, 20% on One-Step Lite and 40% on Two-Step Pro. Exceeding the threshold delays payouts until compliance; it does not close the account.
Nitro uses a Funded Score below 20%: best day profit divided by total profit from profitable days in the payout cycle. This delays payout until compliant and never closes the account.

Positions may be held overnight, through weekends and for as long as the strategy requires.

• High-frequency trading and latency arbitrage
• Statistical or correlation arbitrage
• Tick scalping and trades under one minute on average
• Grid, martingale and averaging down to exploit drawdown limits
• Trading exclusively or mostly around major news
• Exploiting pricing, data feed or platform errors
• Copy trading and group trading with other traders
• Manipulation, wash trading and front-running

Prohibited practices include latency or gap exploitation, external or delayed data feeds, arbitrage, manipulative HFT, group trading, account mirroring, cross-account hedging, account rolling, grid trading, manipulative tick scalping, disproportionate position sizing, unauthorized third-party account management and manipulation of Bybit API keys, balances or challenge parameters.